According to online reports, according to monitoring by online analyst Ember (@EmberCN), Paradigm Capital transferred 10 million LDOs (approximately US$8.41 million) from its address seven hours ago. Analysts expect that they will be transferred to the exchange to sell them later. It is reported that Paradigm purchased 70 million LDOs from Lido Treasury in an OTC transaction four years ago for US$0.76. In November last year, Paradigm sold 50 million LDOs at an average price of US$1.31, making a profit of US$27.5 million. The 10 million LDOs transferred this time represent half of the remaining positions. Perhaps due to continued selling by institutions, LDO prices have fallen 22% in the past month.